China Trade War With US
China Trade War With US: China has condemned the statement by Washington that US will not remove tariffs and restrictions on the Chinese companies. China clearly stated that it is ready to fight back if a trade war is started by the USA.
This statement was issued by USA days before the U.S. Commerce Secretary Wilbur Ross visit to Beijing.
American Intellectual Property Theft Issue
United States said that it will still hold the warning of imposing restrictions and tariffs on $50 billion Chinese imports if China is unable to address the American intellectual property theft issue.
As per Global Times, USA is suffering from a “delusion” and gave a warning that “trade default could leave Washington dancing with itself”.
Communist Party’s official People’s Daily has issued a statement which says, “The Chinese government will have the necessary measures in place to deal with a U.S. withdrawal from any settled agreement. If the U.S. wants to play games, then China would be more than willing to play along and do so until the very end.”
State news agency Xinhua said that China is hopeful that the USA will not act impatiently, but if it does China is ready to fight back.
China will continue to hold pragmatic consultations with the United States delegation and hope that the United States will act in accordance with the spirit of the joint statement.
When initially the USA announced tariffs on Chinese imports, China warned the USA and then in a response announced tariffs on US food and other imports worth $3 billion. Then both the countries tried to negotiate till this statement was issued by Washington.
The question that looms large is that how this trade war between two superpowers will end and who actually has brought the two nations at this point.
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